Secret Path for Moving Chinese Money Overseas

Government-sanctioned trial program is revealed; it helps explain huge Chinese investments in foreign real estate in the recent past.

By Bloomberg News|July 14, 2014 at 01:12 PM

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For years, wealthy Chinese have been transferring billions of U.S. dollars’ worth of their money overseas, snapping up pricey real estate in markets including New York, Sydney, and Vancouver despite their country’s currency restrictions.

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